Retail landlord Macerich has completed a flurry of deals, including selling its 50% stake in an upscale Phoenix mall and acquiring full ownership of two other Southwest shopping centers as it looks to reduce debt and streamline its portfolio.
Macerich Sells Stake in Phoenix Mall, Acquires Full Ownership of Two Others
Retail REIT Works With Lenders To Refinance, Hand Over Some Sites
By Linda Moss
CoStar News
August 1, 2024 | 9:42 P.M.
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IN THIS ARTICLE
- Properties
- Santa Monica Place
395 Santa Monica Pl, Santa Monica, CA
- Biltmore Fashion Park
2502 Camelback Rd, Phoenix, AZ
- The Mall of Victor Valley
14400 Bear Valley Rd, Victorville, CA
- South Plains Mall
6002 Slide Rd, Lubbock, TX
- Country Club Plaza
4807 Jefferson St, Kansas City, MO
- Companies
- The Macerich Company
Real Estate
- RED Development, LLC
Real Estate